can i overclock my fx 6300 cpu to 5ghz with water cooling

Solution
*Before I continue, the BIGGEST PROBLEM with liquid cooling is that it actually reduces air flow across the critical CPU voltage regulators! So you efficiently remove the HEAT, but then the Voltage regulators can overheat and cause your CPU to become unstable and crash. Some of the workarounds include switching the fans around to INTAKE to blow more air towards the CPU area (which increases heat inside the case), or reverse the airflow completely (CPU radiator fans as exhaust, but rear fan as intake and front fan as exhaust).

The only great solution is to use a motherboard with a cooling loop through mounts on the CPU voltage regulators.

There's a LOT of information about this you can Google, but as said the most important things are...
That mostly depends on random luck. Some CPUs OC better than others, it just depends on whether yours binned high or low.
The only way to find out for sure is to test it. Personally, I doubt you'll be able to hit 5Ghz for 24/7 use.
 
Hi and welcome to the overclocking sector!

really depends, you have missed out on one of the most important parts, your motherboard!

If you have a 970 chipset, never ever, you'll fry the vrm on most of the boards and say goodbye to it, not good option. Most of the time, the CPU will be unstable at that speed, making some of the 990FX boards being excluded also.

Water cooling, you mean custom or pre-built? Pre Built you'll never keep the temps down, as they don't perform any better then high end air coolers, and with that AMD CPU, it's going to get really hot.
 
*Before I continue, the BIGGEST PROBLEM with liquid cooling is that it actually reduces air flow across the critical CPU voltage regulators! So you efficiently remove the HEAT, but then the Voltage regulators can overheat and cause your CPU to become unstable and crash. Some of the workarounds include switching the fans around to INTAKE to blow more air towards the CPU area (which increases heat inside the case), or reverse the airflow completely (CPU radiator fans as exhaust, but rear fan as intake and front fan as exhaust).

The only great solution is to use a motherboard with a cooling loop through mounts on the CPU voltage regulators.

There's a LOT of information about this you can Google, but as said the most important things are:

1) Motherboard,
2) CPU cooler,
3) Luck of the draw on the CPU

I think 4.7GHz is a more reasonable top-end even with a good motherboard, and I suggest considering a good air cooler instead like THIS one: http://pcpartpicker.com/part/noctua-cpu-cooler-nhu12s

Compare the TEMP and NOISE of the NH-U12S to the Corsair H80i for example: http://www.frostytech.com/articleview.cfm?articleid=2749&page=6

A 10dB increase is DOUBLE the perceived sound so the Corsair H80i is roughly 3.5X louder when cooling to the same temperature. Whaaat? Oh, and it costs more, is louder, and due to the CPU voltage regulator air flow probably can't overclock as high. Unless this review made a big mistake I have to accept these numbers.

and: http://www.overclockersclub.com/reviews/noctua_nhu12s/5.htm
"When you get to the point of making a choice on your cooling solution, you really cannot go wrong with the NH-U12S. It has got enough technology built in to make your head spin, runs dead silent, looks great, fixes one of the greatest cooling challenges, and comes with a six-year warranty to make sure you are happy with your purchase in the long term. The NH-U12S does it all and does it well!"

Most motherboards use PWM to control the CPU fan so don't get a cooler with Voltage controlled fans.
 
Solution
5ghz probably not. 4.3ghz is very easy though. So i would think 4.5 would not be to difficult with a good cooler. I have it at 4.3 with the hyper evo 212 without any real issues. 5.0 I am willing to be it just would not be stable at all. CPU boss lists 4.84 and 4.79 as there max clocks.
 


Depends on the water cooler. As for the VRMs, put a small fan directly on them. I would be able to give you more information if I knew the rest of the system components. For OC on my FX8350, I use a Swiftech H20 320 Edge HD, a water cooling kit with a 360mm radiator and a Apogee HD water block, which in total cost me about $310. I could see with ideal conditions you getting to 4.7-4.8. Ideal being a cooler like mine, a board like the Crosshair V Formula Z, and propel cooled VRMs.