A year is not a long term investment. I would say 3-5 years are mid term with 5 years plus long term.
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Nakamato Satoshi [bitcoin creator]
Bitcoin has failed as a digital currency, bitcoin anonymity is for hackers and criminals also. Looks like Bitcoin is going to $600
We cannot say it has failed yet until it finally fails as a digital currency. It still serves as, and if the issue we see right now is basically as a result of scaling, it does not mean it won't change eventually. I am never against gold as it interests me to diversify a lot though and since gold has been in a downtrend for a while, it seems like a very good opportunity to have stored up some for the long run.
Nevertheless, this does not mean we cannot still attune to the fact that satoshi said, large volume transaction or no volume, which means we can still stick with the large volume transaction in the long.