Pros and cons on dyed dreads?
Introduce Yourself
The pro's and con's of bleaching dreads are basically the same as hair that's not dreaded: You can dry out the hair, blow out the pores, and ruin the integrity of the hair shaft from the process (ie. breakage.) Another con to bleaching WITH dreads is that you could end up with uneven results because of the way the hair is knotted and thickened from dreading (ie. penetration of the bleach could leave spottiness and to force it into the dread could make it hard to remove.)
If you haven't bleached your hair before you would need to have a basic knowledge in color theory to achieve the bleaching results you would need to get true-to-tone colors afterward. If you have very dark hair, you could end up with orange or yellow after bleaching which will, in turn, change the outcome of any colored dye you put on afterward. Color results are different when bleaching virgin hair verses previously dyed hair.
Also, it's not recommended to use any other chemical service in conjunction with bleached hair... by this I mean, until the bleached parts are CUT from the hair, any other chemical service you use could further damage the areas that were previously bleached.
If you are absolutely passionate about having different colored tips then I would recommend you bleach all of your hair now, before growing the dreads. Then, as your hair grows out and matured into dreadlocks, you will already have blonde hair to dye over. Why I recommend dying the entire head verses just the tips? Well that has to do with shrinkage. Everyone who dreads experiences shrinkage to some degree because the hair moves up and down and loops over itself to make the dreadlocks as it matures. If you did bleach just the tips then your tips may not be what is blonde when your locks are matured.
It's a lot to think about honestly.
The only pro's to bleaching ANY hair is having a desired hair color (which there is usually a 50/50 chance of actually achieving: chances going up when involving a color specialist.)
The safest way to get colors in dreadlocked hair is to make wraps (wither with wool or thread) because you can have any color you want plus if you change your mind all you have to do is remove it. Only downside to wool wraps is that you could get fuzz stuck in your dreads.