People!: A bit is defined as, "a digit in the binary number system" Binary. BINARY. 1 OR 0. THAT'S IT. You cannot store anything but those 2 states. Anyone saying anything else has no idea what they are talking about.
And by the way, current silicon electrinocs are bi-state, but tri and quad state have existed in the past, but were found to be less efficient. All electronics are analog at the most basic level, it is just that, in binary systems, < some voltage is considered 0, and > than it is considered 1.
Please, get a basic high school level understanding of the topic before making comments. (particurlarly, @snotling, I've been sending around your, "Storing a variable with its type implicitly..." comment to the great amusement of many. You'd really couldn't have done better if you had started with, 'All your bits are belong to us..."