tom bombadil mtg card Magic The Gathering - The Lord of the Rings - Tales of Middle-Earth - This ability triggers only once each turn. Tom Bombadil: The 56 Chapters

Baxas art in Magic, and this unholy combination has led to some fantastically horrifying scenes, like the one depicted on Swarmyard

Or a superfriends deck focusing on Bolas planeswalkers and proliferating

Each turn you put a counter on Palantr to increase the amount of X, so the risk for your opponents gets bigger every turn

Secondly it has the capacity to be as effective as Actual Counterspell for half the mana which in itself is a strong effect but also means that any time you stop a spell with Force Spike you feel like you have gained value which is rarely the case when your Actual Counterspell is baited out on a lowly one drop

The most relevant rules are: 112.3b Activated abilities have a cost and an effect