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I think for the majority of the sightings are all fakes and hoaxs.
but i have seen a UFO myself, it was weird, like a square lighting up. But in this case I'm lead to believe it was the army like every other real sighting.
If the person who saw it isn't BSing you, theres usually a reasonable explanation behind it. Like the army or satallites
The Drake equation states that:
where:N = the number of civilizations in our galaxy with which communication might be possible;
andR* = the average rate of star formation per year in our galaxyfp = the fraction of those stars that have planetsne = the average number of planets that can potentially support life per star that has planetsfℓ = the fraction of the above that actually go on to develop life at some pointfi = the fraction of the above that actually go on to develop intelligent lifefc = the fraction of civilizations that develop a technology that releases detectable signs of their existence into spaceL = the length of time such civilizations release detectable signals into space.