No it's not dead, don't you realize that this is an on going and constant thing.. BTC rises everyone sings and dance, it comes down and everyone begins to panic, check the historical charts past few years it's been following the same trend. Doesn't mean it always will but more than likely it will .
Well yeah, and this is a healthy movement for bitcoins and now this thread is alive because of the most are newbies now are in panic selling and afraid of losing it all. Bitcoin graph history clearly seeing its dump and somehow it will pump again after that.