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?
I suggest that you use the bitcoin to buy some altcoin to be invested or traded on some exchange, you will benefit if you are good at analyzing market prices
According to current exchange rates, the price is not that high where you will get enough of the returns from holding. But for now, I recommend you to invest in some of the altcoins since investing in them right now will be a profitable deal...