Definitely not. It has become stronger than even and more people are already aware of its existence. The current dip in price does not really mean its already dead, because its normal for bitcoin to drop and rise.
I agree with you. Bitcoin dips is not the basis that bitcoin will be extinct, we must consider the volatility of bitcoin thay it may go up and down at the market. Bitcoin price are depending on it's supply and demand at the market, the lower the supply the more valuable bitcoin will be, so the lower supply the higher demand is. Bitcoin will rise higher if we fully trust bitcoin, best in long term investment.