With Governments Banning Bitcoins. Its Going To be Dead By 2020. As Countries Follow Banning It. 95 % Of People Won't Do Anything Illegal If It's Banned By Government. So I Think Its Time To Cash Out And Cut Your Loses. Because It Is Going To Keep Dropping.
I think otherwise! There are some governments who have banned bitcoin but there are few other governments who have legalised it as well. So we will have to look at the bigger picture. If all governments ban it, then your vision may become reality, but since we have crypto friendly countries as well, the game is different here.
What we are missing is a proper crypto framework. Germany and Japan has already provided with such framework which can serve as a guideline for other countries. Bitcoin is a comparatively new currency to most of the governments. So it is too early to comment. But I strongly believe many more countries will come forward and adopt bitcoin in coming years.