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I've studied on this fascinating subject for many years.
Here's my conclusions.
I think they started coming here way, way back when we were still in the early ape stage. I think they bred with some of the apes. In the course of evolution I just can't see how we look and are today coming from apes without something external adding to the mixture in the process.
I think they started coming here in droves when we developed nuclear weapons in the 1940's and 1950's. The sightings skyrocketed then especially over the places where nukes were being developed, tested and deployed.
With the size of the universe, and taking into consideration all the basic building organic blocks got sent out everywhere when the big bang occured, statistically speaking, the probability is there are other human like species out there that developed albeit on different time lines.
What will we be like in 1 billion years at the rate technology is advancing? Any species that got started that time frame ahead of us surely will have figured out intergalatic space travel and/or time travel.
We are exploratory by nature. It would be safe to assume that all human like species in the universe have the same desire to go beyond their own solar system and see what else is out there.
I think a lot of the sightings might not be manned, but could be probes, just like we just sent out a probe to mars. This might explain why there has not been an abundance of contacts documented.
On the other side of things, the US Military has a lot of black projects and many of the sightings I'm sure are attributable to high tech aircraft being developed.
I do think there is the possibility that they are here in large numbers already either in deeply hidden bases or integrated into our society after years of breading.
Its impossible for me to look up at the sky at night and think we're IT out of all of that.
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