.co Why are so many people hoarding .co domain names?

[nicenic]

I have noticed that the number of .co domain name registrations has increased. What is the reason for this? I look forward to your discussion.

 

[alcy]

u make hoarding aound like something short term which it's not

registrations are short term
nobody renews this junk at 30bucks

unless he a moron

 

[nicenic]

u make hoarding aound like something short term which it's not

registrations are short term
nobody renews this junk at 30bucks

unless he a moron

Fair point on renewals. But with startups and brands still picking .co, do you think demand could keep growing?