The transcendental numbers form a field, or so I thought. I'm familiar with the fact that the algebraic numbers form a field which implies that reciprocals of transcendental numbers must be again transcendental (if reciprocal is not transcendental, then the reciprocal of the reciprocal, the transcendental element itself, must be algebraic...). But I was wondering about sums and products of transcendental numbers which are covered in numerous threads here on MSE. However, I came across an awful contradiction after combining certain proofs from here.
Let's begin clear. Let $L/K$ be a field extension with $\alpha,\beta\in L$. Then obviously, it is true that $\alpha$ and $\beta$ are algebraic iff $\alpha+\beta$ and $\alpha\beta$ are algebraic; a simple proof of this is given using the polynomial $$f=x^2-(\alpha+\beta)x+\alpha\beta=(x-\alpha)(x-\beta)$$ in combination with the tower rule.
I want to prove and disprove that $\alpha\beta$ is transcendental when $\alpha$ and $\beta$ are both transcendental.
Let's assume that $\alpha$ and $\beta$ are transcendental.
First for the proof: if $\alpha\beta$ is not transcendental, then it must be algebraic and hence $\alpha$ and $\beta$ must be algebraic, but they were assumed to be transcendental. Hence, a contradiction and $\alpha\beta$ must be transcendental.
The "result" above is easily disproven: we know by the reasoning from earlier that $\frac{1}{\alpha}$ must also be transcendental; we take this reciprocal as our transcendental $\beta$. Now $\alpha\beta=1$ which is algebraic.
Where did I go wrong? Thanks for the time.
In addition: if we take the case $\beta\neq\frac{1}{\gamma\alpha}$ where $\gamma$ is algebraic, is it then the case that $\alpha\beta$ is always transcendental given $\alpha$ and $\beta$ transcendental.
EDIT: Thanks to the people from the comment section below, I now know what went wrong in my (wrong) argumentation. The answer here tells the story quite well and the part that is wrong in my text is that I also assumed that $\alpha$ and $\beta$ are algebraic iff $\alpha\beta$ algebraic, which is false. I'm going to leave this open so that anyone having the same issue in the future will find more (summarised) info here.