XBOX system error E203?

XBOX system error question?
Hi,

I wanted to play as normal today and then the message came on the XBOX:

System error E203…

The options are:

• 1 • Delete all accounts, saved games, settings and home consoles, but keep installed games and apps.

• 2 • Delete all accounts, saved games, settings, home consoles and installed games and apps.

MY QUESTION HERE:

If I choose option 1 can I continue playing all XBOX disc games on my account after doing this?

I have a lot of games with a lot of money on them, will they be lost? Because the account is also lost.

So on my GTA5 account aind 13 million. So if I restart the Xbox everything, can I continue playing?

Your account remains because it was saved in the cloud. You only delete data from the hard drive.

That's exactly how it looks like.

Thanks, but I play on the XBOX without connecting to the PC / laptop.

So if I click on option 1 now, what will happen?

Who was talking about a PC here? So as the Xbox is there, without any connections. Your account will remain. All savegames and so are spewed in the cloud. What you delete is just data from the hard drive.