This is incorrect.If you think something is incorrect, please show me, with math and diagrams, why and how. Then please notify Einstein.
If you travel at a speed very close to c the difference is negligible.
I would say one being impossible is quite a difference.
If you want math, put v=c in Einstein's special relativity equations and you'll end dividing by zero.
Δt is an interval between two events, Δt ' is how that interval will be measured by an observer.edit: One thing I struggle with is trying to understand how, when the Lorentz factor increases (due to velocity), the duration of time is slower. I just can't comprehend that when a factor y (such that y > 1) gets bigger, how we experience time slows down (gets smaller?). Maybe I don't understand what Δt ' and Δt  are?
And yes, as v grows closer to c, so would Δt ', but what it means in practical terms is that events will seem like they're taking longer, which looks like time is slowing down (if you need help visualizing this, think of a clock, and think of Δt  as the time it takes the second hand to move one notch).