I agree. I was using almost entirely lossless until five years ago or so, when I did some ABX tests (there's a good foobar plugin for those interested) and realised that 256+ kbps LAME was indistinguishable from lossless 24/96 to my ears -- even when actively comparing the two in a quiet room, which obviously is very different to just listening casually while commuting etc.

I kept the lossless files for archival purposes but everything on my phone/laptop is ~320 LAME VBR.

That said, soon after that I switched to Spotify and only rarely listen to my own files now. The convenience and ability to discover new music just doesn't compare.