I still go on buying CDs
When I was young(er) I used to think "if this one costed 8 rather 20 I'd probably buy it.
Now that they cost 8 or even less, I do as much... even if I already have the Flac counterpart, often even 24_96, in the HD.
CD, rather than the ritual, gives the limit. You must commit to listen and understand from here to here. These 40-79 minutes set by the composer, group, singer, performer, in such order, with such itinerary in the mind of the creator(s)
Such limit is lost through liquid playlists. You are listening the whole whatever starting from nowhere and ending anywhere.
When I have whole discographies set on a playlist I use to put a sinus sound in between as a border from one album to another.
Indeed, 16/44 is a way reasonable quality even if I understand that in qualified contest you can easily tell the difference with 24/96.
I broadly use liquid files of course, but I will never quit buying CDs. They remind me that music starts here and ends there.
Without mind borders there isn't true knowledge, but confusion.