To answer your question, being deaf has its advantages and disadvantages.
If you really want to know, try going a day or two without hearing by putting on some goooood ear plugs. Keep your eyes open almost all the time, taking in reading people's lips (do not let them do the "wide mouth frog talk", it just irks me big time) and try to make out what they are saying. Signing helps alot in noisy crowds or a very quiet area like the library or concert. Use your eyes, nose and mouth and touch as your senses and some of us do have a sixth sense or higher sensitivity to whats going on around them. I can pick up people's moods quickly simply by looking at them. Read their expressions, emotions and feelings.
Look around you outside, see the wind blowing, air is cool, you can feel it going across your face but you can not hear it blow.
High awareness when you are driving or walking across the street.
Can't use phone, TEXT!
Most of all, patience for those who are frustrated or mad at you for being deaf or can not understand them clearly.
That is just the gist of it.
I am thankful I am married to a hearing guy but he only "select" what he wants to hear LOL!