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 right now. give sometime to btc so that the price will again rise. as lot of people who has doubt this time whether to sell or not it is very simple you have to hold the btc now as the price is very low and we all know how the btc works it will be balanced again after some days. try to buy now and sell when the price is high but not a good idea to sell now.