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If a black hole existed, would it suck up all the matter in the Universe?
Heck, no. A black hole has a "horizon," which means a region from which you can't escape. If you cross the horizon, you're doomed to eventually hit the singularity. But as long as you stay outside of the horizon, you can avoid getting sucked in. In fact, to someone well outside of the horizon, the gravitational field surrounding a black hole is no different from the field surrounding any other object of the same mass. In other words, a one-solar-mass black hole is no better than any other one-solar-mass object (such as, for example, the Sun) at "sucking in" distant objects
An object in a gravitational field experiences a slowing down of time, called gravitational time dilation, relative to observers outside the field. The outside observer will see that physical processes in the object, including clocks, appear to run slowly. As a test object approaches the event horizon, its gravitational time dilation (as measured by an observer far from the hole) would approach infinity.