No, I don't think bitcoin will become obsolete as this is just beginning to prosper and flourish in the crypto market. The blockchain technology of btc is still the main leading technology in the crypto community which has been the baseline of the new ICO's and altcoins in the market.
Bitcoin will continue further it's operation and there will be more people that are getting involved as investors of this currency.

Yes, I definitely agree that bitcoin is still under a developmental stage wherein market price is still undergoing fluctuations due to it's volatility and somehow this may have been in transition stage going for a much stable currency in the future. More importantly, bitcoin will soon further grow as this is on the process of development not only with it's technology but also on how it become more useful to the community.

In my understanding, If internet was not invented then there would be no bitcoin. For me, bitcoin's existence is dependent on the internet since it's technology needs internet to run the system. Internet has big contribution to bitcoin's success and therefore, people should be more thankful with the internet technology because we had bitcoin today that people could able to generate and earn profit.

I think this is not possible for bitcoin to dip down to the lowest level. I believe that bitcoin is a very promising opportunity to invest since this will bring good chance to attain good return of investment. It would be best to buy btc now because the price is just cheaper compared with the last few days.

As a newbie on this forum, I personally agree that it is not late to join in bitcoin but first and foremost as beginners there is still lots of things to learn on the basics of bitcoin before jumping directly on investing btc coins. Reading a lot on this bitcoin forum could give you a lot of insights about bitcoin and to eventually go through investing. Most importantly, need to consider the daily market movement on the coinmarket cap where you could see the current market price movement. Lastly, in the coming years, bitcoin may become the most valuable currency in the world so keep on learning just as I do.

Bitcoin will not end as what is stated on the subject, in fact more and more countries are into bitcoin that is why it becomes more popular in the world.
Other countries may have ban btc, but more and more countries are support it right now and to my opinion, bitcoin will surely dominate all the currencies in the world.