Good long term investing are gold or real estate because you have low chances to loose your initial capital amount. Bitcoin is good for speculations.
Gold may cost $500, $1000 or $10000.
Bitcoin may cost $500 or $10000 too but it can be $10 also.
Yeah that is the thing with Bitcoin you can wait for how long you want but it is not 100% sure that the waiting is going to pay off.
If the waiting is not going to pay off allot of people are going to get pissed off about it.