That is the truth.. The exchanges are the only ones who are always manipulating everything. Why dont you think that most exchanges are not using segwit or why the lightning network is not going to be accepted soon?
Because of fees, they are earning BUNCH of money because of fees. Take a look over Localbitcoins; they are charging 0.0017 just for an incoming transaction (
We are paying just for something that we were not even aware of that) And 0.0005 for normal fees .
Bitcoin will do what it does but a run on the exchanges can create a major problem
Coinbase is the major problem, they supported all the move that Roger Ver and his friends wanted to do, that is why the price collapsed.
I was already out when coinbase suspended trading. I saw it coming as it wasn't hard to see