No doubt that person gave you good advice to invest in Bitcoin. But since you don't know about this, you should know first. Also, you need to know how to keep your bitcoins with your own self. Here one should not rely only on faith. Because Bitcoin can be risky when it becomes a big asset after a long time. Although your $500 may not be a big investment, it can definitely turn into a big asset over the next 5 years or more. You can also grow your portfolio even more when you learn how to buy bitcoins on by your self. Learn About Bitcoin Regularly Hopefully you'll have your basic knowledge of Bitcoin in the shortest possible of time.