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As far as what they were, JRRT never says.
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Exactly my point. There is only one statement of which you can assume that there were in fact Giants. And it's impossible to know how many species there were.
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Tolkien believed that every myth and legend is based in fact
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Which I do not doubt, but the fact on which the myth is based doesn't necessarily have to include a Giant. It could be a big, strong man or something... but tales get bigger over Time. So would the man, and so would the myth.
I do not doubt the existence of Giants in Arda, but mythology doesn't always have to be true if it is based on facts.
greetings,
lathspell