Is shorting more risky than buying?

I understand that investing in cryptocurrency and finance can be both exciting and risky. With that in mind, I'm curious to know: is shorting a cryptocurrency or financial asset inherently more risky than simply buying and holding it? On one hand, shorting allows investors to potentially profit from a declining market, but on the other, it seems like there could be greater potential for losses if the market moves in the opposite direction. What are your thoughts on the risks associated with shorting versus buying, and how do these risks compare?