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Christ dwells within all believers, but you do not cease to be. If anything you and Christ are cohabitating within you.

We do cease to be. Not physically, but the goal is to bury the "old" man and become converted to a new man.

The consecrated host ceases to be bread and become Christ in its entirety. There is nothing except Christ there. It is pure.

I know you believe this, but it's not any truer physically then a believer changing physically.

In this way the Presence is more profound and worthy of adoration.

Let's suppose that your position is true. Biblically, why would any other bread or wine besides the bread or wine that Christ actually had in his hand at the time turn into his flesh and blood?

Christ dwells within all believers, but you do not cease to be. If anything you and Christ are cohabitating within you.

We do cease to be. Not physically, but the goal is to bury the "old" man and become converted to a new man.

The goal, yes. Is it actually accomplished in each beleiver? Here we run into the sanctification issue. We beleive it is a process that may take an entire life (or even longer).

If you think about it, it is a wonderful argument for venerating saints.

In this way the Presence is more profound and worthy of adoration.

Let's suppose that your position is true. Biblically, why would any other bread or wine besides the bread or wine that Christ actually had in his hand at the time turn into his flesh and blood?

I think IMRight hit upon the main Biblical arguments. I would simply reiterate that Christ told us to do what He just did. If we are merely performing a shadow of what He did, then we are not following His command.