As you can see from the last couple of months price of bitcoin going down and down..
Is this the beginning of the end?
No bitcoin is not going to end:
1) You are judging its failure by the fact that prices are declining. This has happened in the past and bitcoins came as back more stronger every time.
2) There are already a lot of people who are using bitcoins for their transactions. It has become a requirement for them. There are also various businesses running on bitcoins like bitcoin gambling sites and all.