You have to find just the right speed. If go to fast, you'll heat the bit so much, that the acrulic shavings will start to gel. If you go too slow eventually the same will happen. So not too fast and not too slow. You can use a small amount of water, i mean small, because too much will speed up the gelling process.
I put my bit in the freezer for a day to buy some extra seconds.
Good luck!