Hi, I know this is probably the wrong place to discuss this because I'm a skeptic but I'm curious to the possibility of the exchanges manipulating the price of bitcoin by using their own bitcoin blockchain.
My thought is the exchanges have created their own bitcoin blockchain (lower difficulty and no halving) with their own miners. If a user buy or sell the real bitcoin the transaction gets processed to the real blockchain if the exchange allows it but if it doesn't the trade goes to their own blockchain. Also they could automate it by using bots instead of legit consumers doing proper trading.
Also I feel like it's not just one exchange it's a group or organization of people manipulating the prices.
So my question is what do you think about the exchanges do you think there is some manipulation going on and what are your theories?
Thanks.