Is it correct to say a bit?

Excuse me, I'm curious about the phrase "Is it correct to say a bit?" in the context of cryptocurrency and finance. Are you referring to the use of "a bit" as a colloquial expression for a small amount, or is there a specific technical meaning within the industry? In finance and cryptocurrency, precision is crucial, so it's important to clarify whether "a bit" is an acceptable term for discussing quantities, particularly when dealing with values that can vary significantly. Is there a more precise alternative that would be more suitable for these discussions?