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 i am you and my friend send me .03 bitcoin i will gladly accept it, because that .03 bitcoin is so very important, I will not cashout it, instead i will invest it in some ICO, so that i have a chance to make it double or triple.

Make a wise decision man, don't cashout it immediately, invest it, because in investing for sure you will gain profit.