Yes Bitcoin is not dying and if it did this wouldn't be very good. I think the real competition is for the #2 spot.

You can see currently we are in the 10th spot which from my memory shows we have been bumped up a few spots fairly recently since I remember we used to be like 17. but still have a long way to go, and makes me wonder why coins like made safe, dodge, dash and the #2 eth are all currently far ahead in market cap.