When you ask if the cyst is still there is that because you've had it removed or do you think the bleeding means it is going? If it hasn't been removed than it possibly sounds like it's ruptured. You need to get to a dr or go to the ER asap!
i agree, with the ER....cyst is not very dangerous, but if you're bleeding it could be the cause of you bleeding, & should have it check out...Did you actually take it out, or is it still there??? how long you had it???