This is the key argument for people promoting Bitcoin: Look how where we were a few months ago and look where we are now. It is only going faster - you should join.
This means that these people have jumped out of an airplane with no parachute.
They are now halfway down and are telling their friends: Look how well this is working, and it is going faster and faster.
When you tell the people they are going to crash-land, they just tell you it is FUD and that in their experience things have been going great since they jumped out of the airplane.
Bitcoin will definitely go down but not soon