HiFi is piece of equipment that you cherish, that made an exponential improvement in your system and that is part of your system for years and years. MidFi didn't make much difference and finds its way into Audiogon or as a trade in quickly.
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.