I'm a huge fan of donating anything one can, I think it's really the closest you get to a true miracle. I wasn't allowed to donate blood for many years because of the extremely strict guidelines here (I'd spent just over a year in Africa as a child, fancy that). When they loosened up the guidelines a few years ago I signed up, and have now donated blood maybe 8 times or so.
I feel fine afterwards, but I have low blood pressure and wooze easily so I drink before, during and after. I'm fine with gentle activity the same day and the next days, but nothing strenuous, and that can last for more than a week unfortunately. In February I went for a long, but not fast, xc ski trip 4 days after donating. I felt exhausted, got a terrible cold that turned into bronchitis and didn't kick it until 3 weeks later. I might have gotten ill anyway, of course, but I think I was pushing it a little. I'm more careful now and try to time donating to periods when I can take it easy for a week or so, avoiding energetic exercise. Relaxed bike riding and low key weight training, no problem.
I know other people who say they have no reaction at all, so you just have to try. It's great otherwise
Winter riding is much less about badassery and much more about bundle-uppery. - malkin
1995 Kona Cinder Cone commuterFrankenbike/Selle Italia SLR Lady Gel Flow
2008 white Nakamura Summit Custom mtb/Terry Falcon X
2000 Schwinn Fastback Comp road bike/Specialized Jett