HiFi vs MidFi


I’m a relative noob to the audiophile scene, having just invested in an integrated amp and upscale (for me) speakers.  From time to time, I hear the term “MidFi” for some components.  Is there an objective or just largely accepted definition for this term?  I’d be curious to hear feedback on what constitutes HiFi vs. MidFi across various components.  
128x128bigtex22

Where you stand on this, depends upon where you sit..

Seems like a term made up for insulting others. I bet there are many so-called mid-Fi systems that some enjoy more than those who buy to impress their friends. 
 

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SPEAKERS, that’s where real differences can truly be heard, and there, progressive improvements are low, mid, high, unbelievable! The price of speakers is proportional: low, mid, high, unbelievable. Of course there is marketing muddle, but the functional and sound differences are readily understood and heard.

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Next: match the correct speakers to the listening environment. BIG differences

Next, feed what content into those speakers? BIG differences

Next: what equipment ’chain’ feeds the content. Each ’thing’ may or may not make a difference, the degree of difference relative to the speakers, and listening space is very slight if real, the power of expectation bias is HUGE and must be guarded against.

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Now, analog chain: happy days to you, enjoy the chase. avoiding problems a big part of success

Now, digital chain: happy days to you, enjoy the chase, not for me.

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@bigtex22 

Labels always do injustice to truth. Categorizing, stereotyping and dividing.  Some strange posts in this thread.  Since the only measure that matters is ones own ears, I would submit that when you hear music so well presented you are moved to tears or can feel what the creator is trying to achieve you have found the "Fi" that matters.  Enjoy it.  Enjoy it to the point where you could care less what anyone else thinks of your system. Smile at the people who want to argue over brand x and brand y while you cue up your own piece of audio nirvana.