And what could elves have done to the dragon? Try to invade Angband and say: "Hey, we came to kill the dragon, no harm to you others!"? And how could they know how to protect themselves from the dragon? They maybe just saw this simple: it as another Morgoth's dangerous monster should be fought against as any another Morgoth's monster, not as a special threat. Dangerous maybe - like balrogs - but not so special.
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Like the stars chase the sun, over the glowing hill I will conquer
Blood is running deep, some things never sleep Double Fenris
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