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
@bigtex22 I strive for a mid-fi system. I have a $7K preamp and a $700 preamp. I am listening to the $700 preamp now. If it were not for an impedance mis-match (likely issue) with my $700 preamp and my chosen amp the $7K preamp gets sold.  My goal of striving for mid-fi fails in this instance.

Use your ears and buy what you can afford and makes you happy.

An interesting take.
SoundStage! Solo | SoundStageSolo.com - What Playing Music Taught Me About Audio
mid fi is more a state of mind. some objectivitists poh poh the idea that some gear sounds better than other gear. their engineering professor said that’s the way it is, and so that’s gospel. any perception of better sound is delusional, and not worth paying for. the worst one’s feel a need to ’fix’ wayward audiophiles desiring the highest fidelity. to them it’s all mid-fi.

mid-fi can also just be a casual view toward music reproduction quality, or even a true disregard for music reproduction quality. sound is sound. they just don’t care.

high fidelity is also a state of mind, where the quality of the music reproduction matters. there is a consciousness of the idea of pursuit of a more real music reproduction experience. combined with a desire on some levels to listen and appreciate music and better sound.

my personal view is that any association of particular gear and mid fi misses the point. to someone it could be high fi. 

people can travel from one state of mind above to another state of mind. they can be awakened, to realize that better sound is worth pursuing.

systems are mid fi or hi fi based on the intentions of the owner of the system. not the performance or investment.....since it’s all relative.
I always thought "mid fi" was the 70s/80s solid state big brand gear the folks at audiokarma listened to.