I couldn't do anything until I took the hard drive out of the PS3 and formatted it and put it back into the PS3 because it was stuck in a update loopHow you tried enter into recovery?
I lost all my data yes because it wouldn't do anything at all but check for PS3 official software update and would not let you get in Safe Mode or anything else just would do the beeps when holding down the button on PS3 and it would just load back into checking for Software update and that is all.You didn't answer to question... :P
And you lost all data.