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I also suggest investing a few pennies in your own domain and hosting. I run several on Blogger, but nothing I'm too worried about losing.
It all depends on how you're using it. It's a great place for testing things out. If you have an idea for generating traffic or want to try different layouts and style on click-through rates etc. But it's not great if you intend to create anything incredibly long-term.
Always try to keep everything under your direct control. Otherwise someone could just flip a switch and years of your hard work could be gone in an instant.
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