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i've read that people think that migitating damage, even by the littlest amount don't matter, i think is wrong, how many times has everyone on any job survived by the skin of their teeth after a TP move or just soloing mobs.
That 100 damage hit that killed you at 75 health could have a slight chance of being migitated and help you survive, then heck it's not so bad, every little helps, right?
When your guard rate w/ capped guard is 5% and with 0 guard is 5%, it's the absolute same chance of preventing death in that situation.