No effect, or maybe less trading, bitcoin will be quiet for a while. Chinese new year people have holidays everywhere and will travel and meet friends...

A collective fomo hysteria will set upon the population and it will moon. Obviously

I don't think because it's holidays in China they won't move their BTCs, make transactions. There is internet everywhere, and profit is always welcome. I believe nothing different will happen because this event...

Most probably Bitcoin will continue losing its price until it finds a new stable position.

Trading may slow a bit for a few days as people take time off or go out of town for vacation.
Of course the hardcore traders will still be active but the little fish will be less active.

Price will probably stay around $900 or just below for the near future anyways.

Nothing except maybe lowered volume; price will probably stay where it is and won't move for the next few days while this is all going on. Something could happen during this time with lower volume, though, but no big news to talk about.

More small birds will be left out his train. And it will blow his mind about selling at the rocket price.

people are always speculating about these things and they never come true. and this happens every year.
for example a couple of weeks back i heard speculations that because of New year of 2017 people are going to dump to have cash for their Christmas purchases and price will go down but we clearly saw that price went to $1000 instead.
that is why i say things like new year,... have no effect on bitcoin price since it is a global 24/7 market.

Yes, That is right . They want to buy some more coins before the lunar new year to protect their money before domestic inflation.
I think the price will keep increase on the Chinese holidays.

You mean Chinese New Year or to be more specific, Lunar New Year?

Well, last year we see an increase in the price of Bitcoin during Lunar new year. I believe this is due to the fact the the exchange closes in China during Lunar new year and hence people search online for alternative 'money-making' trading platform and found out about Bitcoin. I am not too sure though.

This year will probably still be the same. So hold onto your Bitcoin now or buy if you haven't. If you need to sell, sell it on the first or second day of Lunar new year. .