This seems to be a very popular first bag for a lot of people.
The bottom is knit back and forth into a rectangle, then you pick up the stitches down the left side, across the bottom and up the right side and start knitting in the round.
The pattern says to pick up the stitches twisted, but I don't think anyone has really figured that one out--or at least haven't bothered to do it that way.
"Trust the pattern!"
Time flies like an arrow, but fruit flies like a banana.
Hop aboard while we follow the cloud-covered van of knitting harmony, man!! Woooo!! --Hedgehog
IngridKH on Ravelry