Yes and u also loose your mounts as well
yes, along with characters, mounts, challanges, and titles
Because you are not good
Most certainly not. You will always keep dead eye.
overwrite your progress on the game in the pause menu.
lose your bounty and pay off you debts and do not commit crimes
yes, you must go back to your donkey!
no. you just level up. so dont ask stupid questions.
You cannot lose your weapons in single player mode you can lose your weapons in multiplayer if you enter legend mode at level 50 if that counts.
No, once you lose to lugia or any legendary for thet matter, you cannot find them again (except for the legendary dogs).
Yes, if you prestige you will lose all your weapons and will have to earn them again.
Yes you lose everything but titles and emblems
They stay in Redemption Island until they lose a duel! They usually return the day or merge and final 4.