In this old post detailing the intuition for the classification of conics based on the sign of the discriminant, the author has considered the coordinates $x$ and $y$ of the point on a conic to become very large as you zoom out on it, and used that idea in the initial simplification of the general conic equation. This is apparent when you consider, say, a hyperbola with the coordinate axes as its axes.
However, this simplification seems to run into a problem when you consider a hyperbolas like $xy=c^2$ or even just a parabola of the form $y^2=4ax$. For the hyperbola case, when you zoom out, one coordinate dwindles into zero close to either axis while the other gets large as stated. For the parabola case, $y$ becomes negligible compared to $x$. Thus, the original treatment approximating the conic equation seems to fail here.
I managed to work things out for these specific cases; for $xy=c^2$, the coefficients $A$ and $B$ as in the original post would be zero anyway, and the sole real solution for $\frac{y}{x}$ results (zero, representing the $x$-axis). Similar justification can be provided for the parabola case I brought up.
But that could still be just coincidence; I can't seem to find a general justification of this intuitive proof for conics which pose similar problems as the above examples. For example, hyperbolas obtained by slightly tilting $xy=c^2$ pose the same problem; one variable does not become larger, but remains small compared to the other variable.
Can someone help prove how the original author's initial treatment of the general equation, with the coordinates growing large, still holds for such cases?