Dr. Mark Waldrep of AIX Records did a study of various lossless recording formats, and concluded that almost nobody can tell the difference between red book and 24/96k. And he built his label on 24/96k!
I know I can’t tell the difference, and there are plenty of MP3s that sound great. Whenever I rip, I always rip to FLAC format, because I might end up manipulating the audio a bit, usually trimming unusually long gaps at the end of a song, and I want to avoid multiple lossy (even if minimal) compression effects. All it costs me is disc space, and I have lots of disc space.
I haven’t signed up for any streaming services yet, mostly because I have plenty to watch and listen to without them. Not opposed to the idea, in fact I occasionally stream radio stations.