Bitcoin price has reached around $700 now. It is expected to cross $1000 by the end of this year.Bitcoin is slowly recovering fro the damage caused by the incident in Bitfinex exchange.New companies are eager to accept Bitcoin as payment.Bitcoin has a great future. People holding Bitcoin now will earn huge profits in future.
You might feel bitcoin failed when you give a target of 1000$ by year end and when it hasn't been reached, you complain. The truth is Bitcoin has not failed because people are still using it and it has a good value of around 780$ at the moment.
If bitcoin failed, then nobody will be using it and it would be back at 330$ or more for 1 dollar or so. but this will never happen as bitcoin future is very bright and proof of is the increase in demand of it day by day and the market cap.