Warning, I have no background in Physics. I'm trying to understand time dilation in special relativity.
I have found quite similar questions here and here but I would like to elaborate more and frame it on how I understood the concept and rephrase my thoughts in multiple ways to be better understood.
When something travels at the speed of light in one direction it can no longer have velocity in any other direction, otherwise it would exceed the speed of light. Say if something travels north at the speed of light, it cannot have any velocity towards east or west without exceeding the speed of light.
Let's assume I'm traveling at the speed of light (and still human and alive) towards the direction I'm facing. That means I can no longer move left or right. The same goes for all the atoms that I am made of including subatomic particles. All of my atoms cannot move in any other direction rendering everything effectively "frozen". My metabolic processes would stop and so is my wrist watch. This would effectively stop my time as time is measure of change (locally) and there can't be any changes since all of my atoms have stopped moving in any other direction.
This is how I understood why time seemingly stops when you travel at the speed of light.
And if I am not travelling at the speed of light but close to it, I can move in other directions but would be very slow because there's only few "remaining" velocity left before exceeding speed of light. My biological processes and other changes would be slow therefore my time is also slow. Although my time has slowed down, I'll not be able to notice it because my perception has also slowed down along with my biological processes. But outside observers will be able to notice it.
Or to put it in another way, because subatomic particles already move close to speed of light, if I travel close to speed of light, that would leave almost no "remaining" velocity to subatomic particles that made my atoms that made me, again, rendering my biological processes to slow down. I presume this also affects any time measuring devices with me such as my wrist watch rendering it to slow down. If time is rate of change then we can safely say the local time has slowed down.
To rephrase it concisely, speed seems to cause "drag" against time because any speed reduces the rate of change in subatomic level locally including any time measuring devices.
That is how I understood time dilation in special relativity. Did I get the concept properly?
I refer to time as the rate of change locally and not universal.
UPDATE
To clarify further, is my understanding of the cause of time dilation correct? My question is not about measuring time dilation but how or why time runs slow relative to outsider as velocity increases.