Correct but if you copy the "BB code" link from Imgur you don't have to do any of that, it already has the IMG tags included, you just paste it into the post.
Hey what ever works for people, our local forum is phpBB so we use the code and tags quite a bit, a bit old school but has so many more tools.
Sorry for the derail, was just explaining there can be differences depending on what you use and how you use it