I don't think so. In 2014, Bitcoin hovered around the 300 USD mark for several months, in a very similar fashion than we are hovering now around the 6000-6500$ area. Then, in January 2015, a sudden drop/capitulation drove the BTC to $135. But it wasn't "the dead of Bitcoin", it actually recovered very fast and went again to the 200-300 range where it stayed for several months, laying the groundwork for the next bullish cycle. I can imagine a similar situation this year, with a sudden crash to 3000 in few days or weeks when the 6000 mark is sustainably broken, and then a fast recovery to 4500-5000 followed by a long sideways phase.
@MrConnect, @darkangel11: I believe some hodling is not harmful and only natural, but if all what Bitcoin users do is hodling, then MrConnect's fears are true - that leads to a small liquid supply in upmoves, causing our well-known crazy price manias, but also the panics when the market turns bearish and the liquid supply greatly overtakes demand. Usage as a currency/payment medium, instead, leads to a more stable supply and demand.
The ideal situation would be near 30% hodling and 70% currency usage, but even if we can reach 30% currency usage then Bitcoin has made a big step forward (I believe it's actually near 5%).
IMO we can't compare the previous crash and its reasons to the current one because back then there were completely different things driving it.
-lower exchange liquidity, lower market cap, less countries involved, basically no laws and regulations, almost no real adoption
And at times like that we had china opening exchanges in 2013 that ended up faking volume and driving the price up hand in hand with bot willy. In 2014 it all went down to hell with the collapse of the biggest exchange and right when the bear market was starting to stabilize came chinese exchange bans that completely nullified the whole 2013 rally. All factors that drove the price down were lying dead in early 2015. Such a crash with the current state of affairs is hard to imagine.