Skittles: that is the md5 hashed version of your bk account password yes. There is a link to a calculator on the site.

For example if your password is: 1234
then your MD5 hasshed password would be: 81dc9bdb52d04dc20036dbd8313ed055

goto http://pajhome.org.uk/crypt/md5/ for more info on MD5 and a calculator