See the User Guide at
http://www.limewire.com/english/content/userguide.shtml for many of your answers
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3 does it matter how many downloads i have going at once?
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Yes. Each download uses bandwidth and memory, and too many can slow your computer. There is a preference to set the number of maximum downloads.
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what is chat and why is it only on some files?
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Not all gnutella clients support chat, and like others, you can turn off the option in the prefs.
Welcome. The search button in these forums is also useful and should help with background and tips.