[F]did i lose everything

ok i attempeted to login after the patch and its making me pick a faction so i wanted to know if the money i spent on the game is a waste and if i lost anything not sure yet so i didnt pick a faction can anyone inform if we do have to restart will i receive all the gold i paid for

You will keep your stuff. It is just the possibility to reselect the faction because of the faction bonuses.