New DJ---bit rate vs. sample rate [email protected] is what i currently have

in iPod + iTunes + AppleTV edited January 2014
Please help---new DJ & basically new 2 the computer world. I have a lot of cd's in my collection---800---so i don't know if i can go the lossless route---maybe an external hard drive---i do hear a difference between the cd & my 256aac version. Also i can tell at a club when a dj at a club is using a low bit rate or codec. please help
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