Don’t believe anyone trying to sell you on the idea that FLAC sounds better than an appropriately compressed (read: transparent) lossy format: Opus ~128-160kbps, MP3 ‘V0’ (~215kbps), MP3 320kbps, AAC ~150kbps.
Only partly true. If the rest of the chain is of decent quality (hi-res sound card, proper cables, quality headphones/speakers/monitors), then the difference between lossless and lossy is apparent to a trained ear. Especially the lack of dynamics and space is typical of lossy formats.
Personally, I never understood why I would want to listen to anything but lossless in the first place. I never really had to worry about storage space too much for my music to consider converting it to a lossy format. I am more of a user who likes to archive stuff; therefore, lossless and FLAC are the only future-proof ways if you want to listen to your files in the next 25 years or so.