Gotcha, yes I agree with that. It's definitely at the point where it's too late to get in and make money.Not dead in the sense that you can still "make money" from it, but dead in the sense of an early investor, where the REAL money is made.
It's probably not going to have serious drops or peaks again after that big jump then crash earlier last year.
That's what I mean by "It's dead". You'd do better investing in newer, cheaper coins or watching those markets than trying to make money off bitcoin.