Keeps asking for my hotmail password and saying its wrong stopped recieving mail

keeps asking for my hotmail password and have stopped recieving mail

Mail asks for your password when it cannot contact the Server. It presumes [usually incorrectly] you told it the wrong password, and asks for a better one. The one you enter replaces the one that is stored.
But often the reason it cannot connect is that the Mail Server holding your emails is temporarily DOWN.
Ignore those requests and take that account Online again later. 
(You may have to re-enter the password, because it often clobbers your good password with the one you enter, and sometimes does not store ANY password after that stupid dialog box.)

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