If you think the reason for holding bitshares is Identabit then you need to get your facts straight.
If you really think that is where the value is, you should be converting all your BTS into BROWNIE.PTS.. if I recall correctly, the sharedrop on BROWNIES was going to be significantly higher than any other sharedrop.
Secondly, Identabit isn't even going to be built on Bitshares, it's suppose to be a side chain that is built with Graphene.. at least that was the original idea.
IF there is anything to happen in regards to an Identabit launch, and your grand plan for returns is the anticipated sharedrop, then the price changes should mean nothing for two reasons. One, doesn't matter, you still get your Identabit shares (assuming they choose a genesis time that works for your holders). Two, it's going to be YEARS until you see any real movement on that front. They are banks, that's all I need to say.
So for those two reasons and your anticipation of value in BTS to be in Identabit, you should be holding BROWNIES.PTS and should not be paying any attention when other unrelated markets (Shanghai) cause BTS value to fall on the downward pressure of whales selling out to cover other losses.
To state the obvious.. do not consider this investment advice.
![Hi, apparently this text is editable. :)](http://bitsharestalk.org/Smileys/aaron/smiley.gif)
Further to this... I noticed that you defined Bitshares as a financial platform and tool. That outlook and limited definition really puts on blinders to everything else that is happening and can happen with Bitshares now.
It has been repeated so many times over the past months about the Bitshares PLATFORM being about to support different businesses, yet this thread shows the focus is all around copying financial instruments that have been done and redone that all require MASSIVE efforts and resources to pull off as being what is really needed (it takes more than just coding something). I don't believe any of those things are really going to be what carries Bitshares forward and up any time soon.
There is much more low hanging fruit out there that can be accessed easier and faster.
I think you are going to see things outside of the financial sector that are going to be built with the bitshares platform.. while they take advantage of features like the DEX in their operations, they will have other primary functions that will generate transactions.
You can do what you like.. and nobody here needs to convince you of anything.. and frankly to make decisions on forum responses from a bunch of mostly anonymous aliases would be just outright irresponsible. That said, I am quite certain anybody selling off now will be regretting it within six months from now