As per the current panic situtaion since I am a newbie to bitcoin and already holding loads of bitcoin , Shall i hold it for long .I mean any idea in how much time frame can the price go back to normalcy of 1200$
It is best idea to hold your btc. it happens that sometime we see the loss,unfortunately from few days price is falling down. so my advice to you wait for 2-3 weeks don't sell the coin now, infact this is the time to buy after sometime when the price goes high then plan to sell. but for alteast 3 week don't sell your btc in panic. we have seen up and down in btc but after few days the price will again go high. keep the faith in btc.
Yeah dont sell it off now. we know the situation of the btc is not good for selling now. so wait for a month and once the price is going high then sell it off. I thought last week itself price might go either too high or fall. because the price was very much constant few days back which made me worried about the btc. so what am going to do is will hold the coin and try to buy the btc because the value is low now.