Yep, sounds like a ruptured vessel. Red spots coming to the head is common when blood is forced to the tip of the penis. (i.E. Squeezing the base of your penis then moving your hand to the tip will force blood to the tip)... The blood spot will go away. If it's a vessel then it'll turn purple/black before disappearing.

I have what seems to be the same thing except its lower then u explained closer to my sac then my head, could it still be the same thing? Its seems nothing more then a blood blister but I am just worried cuz I woke up with it out of no where, its not hard it doesnt hurt and the spot is smaller then a dime but bigger then an eraser head, some one help me out here

I just woke up with it too

it looks a bit brown/purple

you know, like when you bump yourself hard with your arm or something

i'm sure it'll go away but I think it's very weird, maybe I had a rather rough dream? :)