For the upcoming Chinese New Year, I am expecting for the price to have a deeper drop because the Chinese investors and holders will unload their cryptocurrency for sure because it is their time to take a vacation and to treat themselves. With those potential scenarios, I am preparing myself to buy dips when the chinese new year happens.
Buying dips is good, but I don't think the declining will happen as you expect it. Yes people will surely spend more on vacation and celebration than during their ordinary days, but will they spend BTC is a big question. Everyone is expecting a major bull run this year, and those vacations may look too pricey in the end. So, if you want spend some money on vacation these days, spend anything but Bitcoin. And, I think, Chinese people are aware of that too.