If I update my iTunes, will I lose my music?

I haven't updated my iTunes since I first got an account back in Christmas of 2010.So I'm getting the iPhone 5 now. Do I need to update the iTunes for my iPhone 5 to properly work + get the full experience? Will I lose all my music by doing so? Because if so, then it isn't worth it.

No you don't lose any of your music. That would just be cruel

You will never lose your music. I deleted itunes and reinstalled it and music was still there.

My friend did this, I warned the woman but she didn't listen. She lost all her musics, came nearly crying to me about how she lost her music. It was about 500+, poor girl.

If you've purchased your music from iTunes, nothing will be lost. If you downloaded anything from elsewhere then yes you won't get it back.

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