No neither its dead nor dying. Bitcoin has a great future and it will grow its value in coming years Once the Government start accepting as a currency it will grow more and that would directly increase its value so i don't think its dying for next 15 to 20 years atleast.
You sound like Neo.. i would recommend you take the red pill and wake up, but you seem all too comfortable in your bitcoin bubble.
Bitcoin was presented to the world. The people have seen it, the government has seen it, and they rejected the concept. Worse, they laugh at it and disgust the fundamentalist ideas that often go with it.
That's where the story ends. Sure there will be a few years of hopeless trading, crashes and dead cat bounces, but this is it, has been for a while now.