when it says a 8-track recorder does that mean i can only have a 8 different guitar tracks??
Not at all. You can record 7 guitar tracks, mix them the way you like, and then bounce them all to the eighth track. Then you can record 6 more and bounce them to the seventh track, and so on...

Research bouncing, or ping-pong methods.
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Well essentially, yes. It means you can only record 8 tracks of audio (any instrument, not just guitar). Buuuut, there is a way to bounce all of the tracks into one track once they're done, freeing up 7 more tracks to record onto.

edit: my math is one off. That guy has it right ^
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