Must speakers have certain volume to sound convincing ?

Right. We live for the chase and thrive on arguments.
Never played Stradivarius but once I did play a very high level custom classical guitar. It sounded spectacular, and my skill as a guitar player is rudimentary. True, violin is a more difficult instrument than guitar or piano, generally speaking, but I am quite certain that this makes no difference. I heard excellent violins played by lousy musicians.

geoffkait, Absolutely.  And then it was subject to the space it was in, how it was set within it, the materials within that space, the equipment combination....were there others in the room (audio show 'extravaganzas'), what was being played, any predispositions you may or not have held at that given time....
inna's 'processing of perceptions' seems rather apt to moi'.  I'm sure we as a group could essentially agree when a 'system' behind a curtain sounds like pounded poop.  It's when we reach the 'extremes' of our selection of equipment and the above variables I've noted that we launch into our perceptions of what we're hearing....this 'n that nuance, shortfalls, strident, 'forward', 'restrained'...we begin to parse ourselves into our subjective perceptions of what and how is happening to our ears, inside our heads.  And 2psyop is right in that respect....we listen with our brains, or what's left of them, given modern uncivilization and the daily dose of it.  We'll agree on some aspects, argue endlessly on others of what we 'hear'.
And then there's our 'listening systems', the ones our DNA has gifted or cursed us with.  I find it fascinating that there are people who apparently relate what they hear as colors....I can't do that.  My spouse says I can't hear her at all, but that may just be 'selective' on my part. *L*
I know my hearing is faulty, due to age and abuse.  I have mild tinnitus, which I only have full awareness of when I go to bed.
As for what's in my skull...having had an MRI recently of it, I can verify that at least there's something in there.  I got a cd of the imagery as proof of some content.  Function?  Well, there's something else we could argue about...;)
My personal 'system' can't be regarded as 'high end'.  I don't have the budget to pursue such, and frankly I'm not interested in the pursuit of it anymore.  I do know what I like to listen to, and have my own thoughts as to how to attain that, given the space I have to work with.  Within that envelope, I listen to what I like to spend the time doing so.
In some respects, IMHO, we're alike in that pursuit. *S*
It should be the music that's important.  The 'how' to do so is up to the individual to decide what limits to set, where one can 'stop' and be satisfied with that....

...and going back to the original query by the OP....

How loud is loud?  When the sheetrock cracks?  When the neighbors give up banging on the door and call the cops?  When the cannons in the 1812 ov bust the windows?  When you ears begin to leak?  When you can smell the voice coils give it up?

MHO, for what it's worth, nil or not...

Floyd in concert, loud enough.
Smashing Pumpkins, same venue, way too much.
I wear hearing protection when setting up the active eq on my system, just because white noise is irritating at high db's.
I take them to concerts (yes, I get stared at...).  Not because of the band...because of US.  That racket we make when a set concludes freaks my ears out.  WE are Too Loud.
I used to take them to audio shows when I used to bother to go.  Saved my ears for what I wanted to hear.  'Selective listening' in action....*G*

I have Quad ESLs and they are plenty loud. Quality not quantity. (Okay... I do have another rig for the loud stuff!)

I am neither a musician nor consider myself an expert in the field of acoustics but regardless, I think the question asked by the OP is completely pointless and his (or hers) views are narrow and being expressed just to start a more pointless argument. I personally don't care how many times s/he's posted on this site but his responses on this particular topic are troll-like.