So you might exclude the volume counts from those exchanges, but the value is still relevant.

This smacks of more market manipulation - the sort that banks and traders do in the stock market and other currency markets, to me.

While the crypto nuts tout crypto as being free from the 'establishment' the establishment has moved in and taken over. This is just another market for them to control, and they have a long history of doing it.

So now we are in the same boat as a small investor trying to play the stock market.

That may seem a pessimistic view, but i think it is a helpful view. At least you know who is in the game and how they are playing / controlling the game. That knowledge can help you understand why things are happening and let you buy and sell smartly.

At least that's what I think ;-)