I think it is.
Bitcoin use adoption has stalled. Media interest has dissipated. Prices have only slowly continued to decline for a long time now. Bitcoin securities have always been and still are a complete mess, with a near 100% failure (scam/fraud/incompetence/etc) rate. Mining has been concentrated in the hands of a few giant players, eliminating much of the advantage/security/democracy of thousands of individuals being the money processors. Alternative forms of online payment with US dollars (and other fiat currencies) are now cheaper, faster, and more secure than bitcoin (and of course far more usable to buy/sell real goods/services), eliminating any of its advantages as a payment system. Continued decline of bitcoin and strength in fiat currencies has put the lie to the idea of bitcoin as a store of value; there are far better more reliable hedges against inflation. Meanwhile the real economy is firing on all cylinders, stock markets are at all time highs, corporate earnings are higher than ever, unemployment is low, etc. Even amid the boom, no one cares about bitcoin any more. Bitcoin was a fad that lasted a few years, and is now on its way to being forgotten.
Thoughts? Anyone seriously disagree with this conclusion?
Unfortunately, there are some truth in your opinion, however, I couldn't agree that bitcoin is dead. The price between $5,000 and $6,000 doesn't mean "fall" for me. I remember the latter of 2017 before the price surged to it's ATH, bitcoin is just around the same price as today. Granting that the graph/charts shows a descending trend, it doesn't necessarily mean that bitcoin is dying. You should keep in mind that the previous ATH was influenced by media, ads, and etc, which made the noobs and wolves buy bitcoins without knowing it's core purpose - they just want to make money out of thin air, and that's it for them. Those same people are the ones who have sold their bitcoins recently and unfortunately, the big money makers are buying it cheap. Just wait until these money makers satisfy their greed, and bitcoin will soar once again. Weak hands wouldn't believe, of course.