As one of my sales managers frequently said, "Hope is not a strategy."
The only way to handle something like this is to do a compression test, and then a leak down test. But it definitely sounds like you had a sticking thermostat and perhaps have a flow issue with the water pump. Trouble is, you may have a head gasket blown between the cylinder and water jacket, and the only way to know is to check it. Might be worth paying the $100 to have a shop diagnose it, if you have one you trust.