You have
$$
|\alpha^4-1|=2|\alpha^2-1|=4|\alpha-1|.
$$
Let's use bars to denote complex conjugate. Actually we do not need to write $\alpha$ as $a+bi$. We have
$$
|\alpha^4-1|^2=(\alpha^4-1)(\bar\alpha^4-1)=(\alpha^2+1)(\bar\alpha^2+1)(\alpha^2-1)(\bar\alpha^2-1)=|\alpha^2+1|^2|\alpha^2-1|^2,\\
|\alpha^4-1|=|\alpha^2+1||\alpha^2-1|
$$
So, $|\alpha^2+1|=2$. Similarly, $|\alpha+1|=2$
We can rewrite those results as
$$
\alpha^2\bar\alpha^2+\alpha^2+\bar\alpha^2=3\\
\alpha\bar\alpha+\alpha+\bar\alpha=3
$$
From the second equation we get
$$
\bar\alpha=\frac{1-\alpha}{1+\alpha}.
$$
Substituting into the first equation, and factorize a bit, we get
$$
(1+\alpha^2)(3-\alpha)^2-(3-\alpha^2)(1+\alpha)^2=0
$$
This gives us the trivial solution $\alpha=1$. To find other solutions, we can simplify the above equation. We can then obtain
$$
(\alpha-1)(\alpha^3-\alpha^2+3\alpha-3)=(\alpha-1)(\alpha^2+3)(\alpha-1)=0
$$
The other two sultions,
$$
\alpha=-\sqrt{3} i,+\sqrt{3} i
$$
Satisfy the requirements of the question.