It is possible that Bitcoin will die just look at what happened to e-gold, I remember having an e-gold account and then they suspended use of e-gold. I think that's the reason why Bitcoin was born.
Bitcoin is not an "account" and it cannot be suspended , It's decentralized and it's not controlled by people. If you ask me the only thing that may kill bitcoin is the shitty exchanges and their "we got hacked" scenarios , unless people decide to wake up and stop using them .
As dencentralized exchanges rise, virtual currencies become more un-stopable...