Happening is. Prove me wrong
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Bitcoins don't disappear, but your keys to access them could be lost if that was the only place you had your wallet saved.
Likewise, you can have your wallet keys locked up at Fort Knox, but if I get a copy of them I can take them. Think of them as a key to your house. If everyone has a copy it's not very secure, but if you're the only one holding the key you had better not lose it because it is a LOT more secure.
Is a 'key' just a password? What is the wallet, is it an app that you download on your computer?
I recommend taking 5 minutes and watching a bitcoin for beginners video on youtube or anywhere on the internet.