what this suppose to mean?
"With a single bit, you can represent any two distinct items" (ArtOfAssembly)

somehow, you can store in that bit, the value "hello there!" ? :rolleyes:

sorry for this stupid question :rolleyes:

It is true that with a single bit you can represent two distinct items but you cannot store "hello there!" on a single bit. Rather, a group of bits are used to store it. Remember that each character, say 'h', is represented by 1 byte or 8 bits. Therefore, "hello there!" is composed of 12 bytes or 96 bits.