I have all the equipment to listen to all high quality and low quality digital recordings, no analogue (record LP's) recordings in my collection.
I appreciate the push for surround sound with Tidal and my go to Apple. I have a large library of Atmos Apple recordings saved, while they are still there, sometimes they leave.
My problem, is call it placebo or whatever but when a version is both on streaming and physical, I can hear the difference and prefer the latter.
I have no regrets of my home rig, I rip everything, I read everything, standalones to box sets.
I envy people that are able to go back and forth, but I just prefer what is mine, that I know intimately, to stick with my own purchased music.
I am aware of some examples of stellar streamed ATMOS versions, American Beauty, etc, but I just can't seem to go back and forth, some kind of block I have.
My home style with my JRiver and all my zones, filtersets, volume levelling, etc just keeps me locked into my physical world.
I have spent a lot of time improving my home listening experience over the years, and have been successful in my improving ventures. The physical format (includes digital downloads from quality companies) is specifically designed for a listener such as myself and I feel it is well appreciated by me. The streaming is for the sound bars, the casual listener, headphone spatial audio listener.
There are very few people on QQ that I know, that are streaming surround only, never to buy again.
I like everything and listen to everything, but is always mood based for me. Surround in any format 4.0, 5.1, Atmos is a mood, just like jazz or rock is a mood. Sometimes with surround, I am not in the mood to listen to an immersive setting, and I go for days while preferring stereo and vice versa.
I am very appreciative for the physical format as that is for me and compliments the energy I have spent in creating the listening environment for physical and lossless downloadable media.
Not trying to sway or debate anyone, just happy to be a small part of the conversation, but to answer the question of this thread, yes, I do lose fidelity, sonic bliss, 99 out of a 100 times, streaming vs physical and so far I have not been swayed to give up buying physical discs and lossless surround downloads.