For loot : Board the ICR train to loot station, my friend
You must follow all normal timing rules for Bird spells cast and lands played using the middle ability and must pay all costs for spells cast this way
It turns out that Magic players love casting spells for free, even if free in this case is pay seven mana for an artifact and cross your fingers you overcome the randomness to get what you want. The silver lining, of course, is whatever spell youre copying from your graveyard gets to stay there on the chance youll copy it again, unlike many cards of this ilk that exile the spell following the resolution of the copy trigger, so if you can find a way to finesse only one legal target for the Crucibles trigger (perhaps by ensuring the top two cards of your library are lands with something like Senseis Divining Top), then youll get to copy the same thing over and over
You can bring this out of the board against aggressive, ground-based decks to stabilize behind
Once that spell or ability starts to resolve, however, and its controller chooses which permanents and players will get new counters, it's too late for anyone to respond