Reality is never clear, it can surprise you.
But when people use such a statement as " expecting reality" they usually intend a negative expectation.
Miracles are reality.

Losing hope, I guess would mean to stop desiring a dream. Or to let go of that tiny voice inside, that keeps you looking forward to the future. Hopefully making it a happy one. ^_^

Good luck and don't hesitate to ask more questions.

I think losing hope is when you give up and yield to every problem that comes your way. Accepting reality is when take what comes to you as a challenge and positively welcome what it offers you. Losing hope is when you decide that you will not grow and learn. Accepting reality is when you decide to learn to become more versatile -- my explanation may not make sense, but life doesnt make sense either