Is it possible to have several different textcolors in one textarea?

You cannot do this with a textarea or input tag. However, as @naikus mentioned, you can use the contenteditable attribute. It is as follows:

<div id="mytxt" contenteditable="true">
   Hello, my name is <span style="color: blue;">Bob</span>
   and I have a friend name <span style="color: green;">Joe</span>.
</div>

<div id="mytxt" contenteditable="true">
       Hello, my name is <span style="color: blue;">Bob</span> and I have a friend name <span style="color: green;">Joe</span>.
    </div>

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