If you have been keeping up with the general chatter around the cryptocurrency community, you might have heard about the Prometheus trading bot or trading course. From YouTube to Reddit and everywhere in between, the buzz about Prometheus can be found across the web.
But exactly what is Prometheus and what does it do? Is it a scam? This Prometheus trading bot review helps you get an answer to all your burning questions about the platform.
What is Prometheus Trading System?
First things first, while it is easy to misconstrue the comments around Prometheus and think of it as a trading bot, it is actually a trading course. This means that it is not an active trading platform in itself. Instead, it is a pathway to learn how to trade and potentially make a profit from buying and selling cryptocurrency.
This sets Prometheus apart from automated trading bot solutions. But it doesn’t entirely provide it with a novel way to trade. In order to use the knowledge that you gain from Prometheus, you have to turn to a separate trading bot.
As a result, any Prometheus crypto course review has to entail that despite its claims of running an artificial intelligence (AI) trading bot system, the platform only gives you a set of instructions, which you can then apply to your automated trading activities through a third-party or standalone automated trading bot.
However, in contrast to typical trading tutorials that come from cryptocurrency exchanges, trading bots, or general cryptocurrency traders, the Prometheus crypto course comes at a significant price.
The Prometheus trading bot course is available through different sellers as well as its official website. At first glance, it is fashioned as an “AI trading bot system,” which makes it seem like a holistic trading solution that works all on its own. This is where the confusion takes place and causes you to think that you need to read up on a Prometheus bot review instead of a crypto trading course review.
The other confusion and the first red flag comes in the form of the claim on the official website that sets Prometheus as the “World’s first digital currency AI bot.” This is not true by any means at all and immediately marks a strike on Prometheus’ credibility.
Once you sign up with Prometheus, you are advised that you need to use a trading bot to execute all the trading tips and tricks that it brings to the table. However, over one of Prometheus’ selling websites, the program also explains that you need “no learning curve” to start with its offerings. It also outlines that, “You will never have to keep updated with the market unless you want to.”
These tall claims seem too good to be true, as stated in the video by Jono Armstrong, who created the Prometheus course and pitches it as an AI crypto robot. But even though the video acknowledges the overly-promising nature of Prometheus’ sales pitch, it still oversells the solution as a trading bot rather than the set of instructions that it actually is in the first place.
That is why it is important to remember that the Prometheus training provides you with ways on how to use a third-party trading bot. But this trading bot is also not a proprietary or partner software that has been created by or in association with the Prometheus team.
With that being said, once you do a detailed Prometheus bot review, it becomes clear that the strategies that Prometheus teaches its users are commonplace. This means that they have the potential to work at times when they are applied through a reputable tool. However, the overall claims of the Prometheus program make them seem quite far-fetched and lift the target audience’s expectations for nothing.
On the official website, Prometheus states that you will get:
- “Gradually Video Lessons”
- “Rewards”
- “3 Success Real Life Stories of Prometheus AI Trading Bot”
Additionally, the team offers you to provide you with some “Fast Action Bonus” items. This seems like a way for you to sign-up with the service in urgency.
Here are the items that are available in this bonus list.
1. Done For You Setup: $500
2. Weekly Live Q&A Sessions: Priceless
3. Prometheus Quickstart: $200
This makes Prometheus seem more like a gimmick than anything else, which once again poses questions on its overall reliability.
What Bot Tool Prometheus is Advising You to Use?
Prometheus asks you to use Bitsgap, a popular trading bot that holds a pristine reputation in the cryptocurrency segment. In fact, Prometheus designs its whole training course around Bitsgap’s interface.
But despite using a reputable third-party trading bot to execute the methodologies that it promises to teach you, Prometheus is not forthright about the way that its so-called AI trading bot works.
Instead of telling its users that it is selling an educational program or a training course, the platform makes it seem like it is offering you a holistic trading bot solution that is fully automated from its end. In fact, Prometheus terms the whole setup as a “Prometheus trading bot” across its official website.
In reality, the automated trading bot comes from Bitsgap and doesn’t have any partnership functionalities built into it for Prometheus. While Bitsgap is most certainly AI-powered, that has nothing to do with Prometheus. Instead, that AI-powered technology remains a part of Bitsgap from its very inception.
As part of the Prometheus review, it is important to remember this information. This not only tells you exactly what is being sold by the Prometheus team in the name of an AI-trading system but also how you can access the very same Bitsgap bot all by yourself – without having to pay Prometheus any accessibility fee.
In addition to this confusing way of selling its solution, Prometheus also requires you to pay for Bitsgap’s subscription. This is not a part of Prometheus’ course fee and comes off as a separate charge. Since Bitsgap is based on a subscription model, this fee is not a one-off charge either. On the contrary, you need to pay it on a monthly basis so you can continue to use Bitsgap’s services without any interruption.
That’s where Prometheus does exhibit a bit of transparency about these costs and outlines them across most of the unofficial landing pages that are selling its solutions. For instance, across the Prometheus sales website, the monthly costs are outlined as starting from $29/month. However, the website paints Bitsgap as a firm that it partners with, which has its own developmental team costs.
The partnership claims seem a bit sketchy, but Prometheus doesn’t budge from it. This casts a lot of doubt on the platform. However, it still doesn’t stop the solution from making these associations with Bitsgap.
On the official website, third-party costs are not mentioned right off the bat. This makes matters even more dubious and calls for you to practice vigilance while dealing with this platform.
How Much is the Prometheus Trading Bot Course
On the official website, the Prometheus course is available for $1,297. At the time of writing, it is available on a “2 days only” promotion for $497.
Despite the official website’s claims to purchase the program from its platform, the Prometheus trading bot course also seems to be sold via different websites for different prices without any action being taken against them.
These websites seem to be set up via the same landing page creation service called ClickFunnel. Once you try to buy the bot through these websites, you are directed to a sales page where the course is being sold for an average of $1,300. However, sometimes the costs land on the higher end. At the time of writing, they go around $1,997.
Since it is just a training program and not an actual AI bot solution, this makes Prometheus quite expensive for a course of its nature. Given that you also have to pay for the Bitsgap trading bot on a monthly basis and also need to cover your investment costs, it adds a lot of burden to your shoulders.
But in order to do a detailed review, it needs to be mentioned that the Prometheus trading system outlines a 30-day money-back guarantee on its official website, and a 90-day money-back guarantee on other websites if you do not make your investment in the program back within this period.
With that being said, Prometheus’ official website promises that if “you don’t love this system,” you can get a refund. On the other hand, the unofficial reseller websites mention that they require you to show proof of setup as well as a nominal minimal investment fee for your refund claim to go through.
It is also worth mentioning that while Prometheus’ official website mentions that you can start investing from a little as $10 and the unofficial resellers outline that amount as $100, it does not outline whether that is a nominal minimal investment amount to begin with. This casts a shadow over the full refund guarantee due to the stipulations that are attached to it.
The Prometheus trading bot course is available through different payment methods including Visa, MasterCard, AmericanExpress, Discover, Skrill, Neteller, and wire transfer. You can also pay via PayPal on the unofficial resellers. In addition to this, you can make your payment through cryptocurrency. On unofficial resellers, the latter payment method also gives you a discount. Even though the landing page of the unofficial reseller websites comments that you can save up to $500 on cryptocurrency payments, the discount is actually $200.
When performing a detailed crypto course review, all of this casts doubt over the legitimacy of the operation. This calls for you to be careful while dealing with the program and spending your money on it. To learn more about Prometheus, you can also look for real user reviews from people who have paid for the solution.
Prometheus Real User Feedback
Looking for Prometheus system reviews from real users proves to be quite a mixed bag. Some of the users say that the program is a scam, while others mention that they found the course to be useful.
This is where you need to put your detective hat on and move forward with finding feedback that seems to come from legitimate sources. This is not an easy task, since many paid reviewers can easily pose as authentic users.
However, there are certain signs to weed out paid feedback. This includes the signs outlined below.
- Someone who provides too many details or a highly extensive review in a single post.
- Someone who tries to gloss over obvious flaws in the program’s sales pitch.
- Someone who doesn’t have any other reviews submitted through their profile.
You should also only read reviews that are available on third-party websites such as Reddit and TrustPilot. It is because any feedback available on Prometheus’ official or unofficial website can easily be changed by the website’s admin.
Speaking of Reddit Prometheus reviews, you can find some highly detailed reviews that seem like they are going out of their way to defend Prometheus despite its seemingly shady practices. On the other hand, other reviews paint the platform in a bad light and outline it as a scheme that is out to get your money.
When you come to the latter, you can discover multiple TrustPilot Prometheus reviews that outline how they have been scammed by the platform. Since TrustPilot has various anti-fraud measures implemented on its website, it is not difficult to believe the opinions that have been posted on it are legit.
This once again outlines that while Prometheus claims to use AI technologies that are quite dependable, those technologies are in no way created by the platform. In place of an actual trading bot program, all that Prometheus offers to you is a course and charges a hefty amount in return. For many new and seasoned traders, this poses clear red flags about the platform.
The red flags stem more from one simple point. Do traders need to go ahead and need to pay significant fees? After all, there is no magic formula to trade the markets and education does not have to be extremely expensive. Individuals can find ways to craft their education from lower-cost resources. It is up to you to see if you can benefit significantly from this type of course and if the price is worth it.
Is It Worth Buying the Prometheus Trading Bot Course?
According to our in-depth look into the Prometheus crypto bot system, the price of $1,997 or even $1,300 is definitely not worth it. Since all that you get is information on how to set up a Bitsgap account and run some tried and tested strategies such as dollar-cost averaging (DCA), you can look for this material elsewhere for free.
With the growth of the cryptocurrency sector, many outlets can provide you with a highly detailed outlook on how to set up your Bitsgap bot. These platforms also give you a hands-on experience regarding your cryptocurrency bot setup.
While there is absolutely a learning curve here, it is also critical and necessary for you to protect your funds. In fact, any service like Prometheus that asks you to invest your money blindly and without learning about the intricacies of crypto trading is not a solution that you can trust.
To summarize, giving your hard-earned money to Prometheus for a crash course in running Bitsgap, especially when you have to give money to Bitsgap on top of everything else, is not at all recommended.
Conclusion
Similar to any other training course, success is based on your own willingness to learn. But in cryptocurrency trading, you need to bear in mind that the market is always changing and no one can guarantee that the strategy shared by Prometheus will keep working forever, even if it can allegedly bring profit now.
According to our Prometheus trading bot review and course insight, we would advise you to learn about cryptocurrency trading basics from high-quality yet free educational resources that are available through credible exchanges and renowned trading bots.
Instead of spending a significant amount of funds on a training course, this practice lets you save your money for your future investments. From there, you can utilize the education that you gain from free platforms to buy and sell cryptocurrency for potential profits.