What is a small bit?
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hobbies and interests
stamps and coins
A little bit and a bit are common idiomatic phrases in English meaning "a small amount." This phrase may sound redundant because the word bit on its own can mean "piece" (as in "a bit of news"), so "a little bit" is often preferred to reinforce the idea of smallness.
In this regard, what is a tiny bit?
(physics and chemistry) the smallest component of an element having the chemical properties of the element. (nontechnical usage) a tiny piece of anything.
Simply so, what is a synonym for small bits?
A very small quantity or amount. smidgen. ace. bit. crumb.
The “bit” you refer to is an extremely elastic piece of time. Without context, it generally means a short time interval- less than an hour up to a few hours. If said to someone who you see on a less frequent basis (perhaps weekly) it could cover one or two weeks. Context allows it to stretch quite a long way.