Is anyone still using a CD Player

I also have a Teac 701t , it's a great player.    Unfortunately it is now about $500 more than  when it launched.      I paid $2300 which is close to max what I planned on spending.   

Not cheap but an excellent player.   Using it with Lab 12 DAC.    I think it is better than my Aurender N200  playing 16/44.1k  streams or files.    

Definitely the best player I've owned by a wide margin.   I find myself using it occasionally but in that system I play more vinyl lately.   

Definitely not giving up the format anytime soon.   There is a period of time when much of my favorite music was only available on CD.   I remember when albums were simultaneously released in Cassette, LP, and CD.   

Cassettes faded fast , LPs kind of lost momentum and there was just the CD if you wanted to own your music.    I often prefer the original CD, not the remaster too so I still have a lot of my favorites in rotation.  

My main issue with streaming is that for whatever reason a company (Tidal, Qobuz, Spotify, etc.) can decide they no longer want to stream the same content they used to, then you're without that music, or the company doesn't stream the CD's you want to listen to. Also, in my opinion most of the time CD's actually sound better than streaming hi-rez. 

I use my CD players from time to time. I received about 600 CD’s from a buddy who passed a couple of months ago. He had a ton of music I don’t know. 

Definitely not using the CD player. I long ago became way too lazy to dig out a CD. The heavens know that I can’t even organize them effectively, which prompted me years back to use large CD carrying cases where I get rid of the jewel case and stick the disc in a sleeve. That’s the closest I ever came to organizing. Sinatra had his own books, Coltrane..

No, I have everything I’d likely be listening to loaded in a 6 TB memory that I plug into either a laptop or my iPad where I’m using Foobar as a player. It works and occasionally I still have to go dig a CD out of one of the boxes. And these days, I’m also fine with buying music online and just downloading it into the hard drives. The only time I get a CD these days is if I stumble into a Goodwill, end up at an out of town flea market somewhere or buy one at a show.

I like owning the music and storing the music. Streaming, just never really took to it.

Remember, using your CD player is effectively, using another DAC.  If you like the way your streamer sounds compared to the 505's DAC, then do you.  But maybe it's a good time to look into upgrades or refreshments for the 505.  It was released 20 years ago.