True that !

0.0001 then i will abandon bitcoin

You will abandon it to me. I'll be buying every coin for my collection. How sweet would a full set be?

fine fine, but its never going down there and even if it does, i may not sell i would only have 0.0036 USD for it, i would just stop caring for it.

I gave some bitcoins for a birth recently. The CD will hopefully not get lost and yes, I have a copy in my backup but the point is if she knows about bitcoin when she turns 18, she will definitely know what to do with it. If not, well then be it. Same with my savings in Bitcoins. I would not sell at 1 what I bought at 9 as I did not put all my savings in like other dudes so I'm not forced to cut my losses.

If bitcoin dies then I will buy as much of it as I can and do all of the mining with my GPU at work for free.

I will then start selling once all 21 million are mined.

That would be sometime late in year 2140.

https://en.bitcoin.it/wiki/Controlled_Currency_Supply

So more like: My great^N-grand-children will start selling it.

If a small-ish group of people can buy the daily supply with a smallish amount of money, I would say that the system is in it's death throes.  1000 people spending $10/day could do so at 7200/day and a price of $1.40-ish.  So, I would say that we are uncomfortably close at this point and that interest would likely drain away.  Judging from the network activity, that seems to be occurring.

But it seems to me that it is also possible that rather than death, we could have some sort of a 'mothball' situation where current value holders put enough effort in to keep the system basically going.  If/when an obvious and significant need for such a solution appears, it could be that the existing Bitcoin solution is more viable than alternate newer solutions or variants of the Bitcoin solution.

According to your logic, Bitcoin was dead 2 years ago.

But let's examine something. If the price went back to $1, Bitcoin would be just like it was when it was previously $1, except for the following:
- many new exchanges
- many new merchant solutions
- many new vendors
- stronger hashrate
- stronger brand recognition
- longer lifetime (more reasonable to trust)
- stronger client software
- no displacement by multiple competing chains
- etc.

If Bitcoin was viable when it was previously $1 WITHOUT all those subsequent improvements, it'd be reasonable to think it's viable at $1 WITH all those improvements.

The enumeration of improvements is exactly why I consider the solution to be dying.  It is a bad omen to me that even with all of those things you've outlined, the whole systems capital creation can still be purchased for a small outlay.

This surprises me.  I would not have expected it to come to this, and am deep in the red on my current BTC bet due to where I started accumulating (durring the Mt Gox down-time.)  But as always, I did not put enough money in that I could not afford to lose with a chuckle.  Indeed, I outlined a certain amount that I expected to put in and still have a fair amount of power dry and am still buying on dips.

BTC may or may not pay off for me in the end (years from now.)  In the mean time, if I want to support efforts which happen to be out of favor with governments/financial institutions, Bitcoin is useful.  I can buy some Bitcoin for USD and get it to the target within minutes and thus not lose value in spite of the rather unhappy longer term trend of USD/BTC value.  It is, of course, up to them to transfer it back to their chosen currency.