So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?
If you have 0.2 bitcoins now, I think you can choose to keep it. It's not a big deal right now, and you don't really need it right now. You can keep it all the time, don't look at the price of it, and after many years, you'll find that the price of bitcoin becomes very high, and your 0.2 bitcoin becomes a lot of money.